Friday’s bitcoin ETF outflows barely improved on Thursday. $411.9M left, versus $430.2M the day before. The split is what caught my attention. IBIT lost $403M while Fidelity’s FBTC attracted $42.8M. Across the five sessions, net outflows reached $1.282B. I read that as uneven demand. Some buyers are still allocating, but their purchases haven’t absorbed the redemptions elsewhere. That makes the next session’s breakdown more useful to me than another headline about institutions buying or selling bitcoin. Does IBIT’s selling ease, and do inflows start appearing across more funds?

I don’t think I’ve spent this much time looking into a project as I have with @grvt_io lately, and the more I dig, the more I understand the bigger picture they’re building. At first, I was looking at the trading side. But GRVT Earn is what really got me curious. The Liquidity Provider chart shows a steady climb in share price, reaching around $1.14 on the all-time view. Beyond that, GRVT is exploring tokenized fixed-income strategies with target yields of up to 11% APY on eligible assets. And with Yield as Margin planned, eligible Earn balances could eventually support trading positions while continuing to generate yield. That’s what interests me most: the idea of making capital work across earning and trading instead of treating them as two separate things. Of course, I want to see how it performs in practice, and yields aren’t guaranteed. But I’m starting to see why GRVT 2.0 has my attention. There’s a bigger picture here, and I can't wait to see it come together.

Most token launches still revolve around a team picking a valuation first and everyone else just accepting it. That’s probably the most interesting part of the @strato_net Community ICO to me. Instead of launching $STRATO at a fixed number, they’re using a Continuous Clearing Auction on Uniswap where the market collectively discovers pricing across the auction window itself. The bigger thesis behind it is interesting too — bringing physical gold and silver onchain in a way that makes them actually usable inside DeFi instead of just sitting idle as passive assets. Trade them 24/7. Borrow against them through USDST. Earn yield while keeping exposure to hard assets. Pre-bid phase is now live. • Public bidding starts June 4 • Auction closes June 9